$0.08 Earnings Per Share Expected for Zynga Inc. (NASDAQ:ZNGA) This Quarter

Brokerages expect Zynga Inc. (NASDAQ:ZNGA) to post earnings per share of $0.08 for the current quarter, according to Zacks. Six analysts have provided estimates for Zynga’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.02. Zynga reported earnings per share of $0.04 during the same quarter last year, which suggests a positive year over year growth rate of 100%. The firm is expected to announce its next quarterly earnings results on Wednesday, February 9th.

According to Zacks, analysts expect that Zynga will report full year earnings of $0.40 per share for the current fiscal year, with EPS estimates ranging from $0.36 to $0.43. For the next year, analysts expect that the firm will report earnings of $0.41 per share, with EPS estimates ranging from $0.28 to $0.48. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Zynga.

Zynga (NASDAQ:ZNGA) last issued its quarterly earnings results on Monday, November 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). Zynga had a negative net margin of 3.30% and a positive return on equity of 4.35%. The business had revenue of $704.70 million during the quarter, compared to the consensus estimate of $658.88 million. During the same quarter in the previous year, the business posted ($0.06) EPS. The company’s revenue for the quarter was up 40.0% on a year-over-year basis.

ZNGA has been the topic of several research reports. Barclays decreased their price target on shares of Zynga from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday, November 9th. JPMorgan Chase & Co. lowered their price target on shares of Zynga from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, December 2nd. KeyCorp cut their price objective on Zynga from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, October 8th. Stifel Nicolaus cut Zynga from a “buy” rating to a “hold” rating and lowered their target price for the stock from $12.00 to $10.00 in a report on Thursday. Finally, Credit Suisse Group raised Zynga from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $9.00 to $9.86 in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Zynga presently has an average rating of “Buy” and a consensus price target of $11.28.

In other news, CFO James Gerard Griffin sold 52,636 shares of Zynga stock in a transaction on Thursday, October 21st. The shares were sold at an average price of $8.00, for a total value of $421,088.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen F. Siminoff sold 5,000 shares of the stock in a transaction on Wednesday, December 15th. The stock was sold at an average price of $6.18, for a total transaction of $30,900.00. The disclosure for this sale can be found here. Corporate insiders own 8.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ZNGA. Kestra Advisory Services LLC grew its stake in shares of Zynga by 9.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 16,446 shares of the company’s stock valued at $124,000 after buying an additional 1,485 shares during the period. CAPROCK Group Inc. increased its holdings in shares of Zynga by 13.7% during the second quarter. CAPROCK Group Inc. now owns 12,871 shares of the company’s stock valued at $137,000 after acquiring an additional 1,547 shares in the last quarter. Hotaling Investment Management LLC raised its position in shares of Zynga by 9.2% during the third quarter. Hotaling Investment Management LLC now owns 19,653 shares of the company’s stock worth $148,000 after purchasing an additional 1,658 shares during the period. AGF Investments LLC lifted its holdings in shares of Zynga by 3.4% in the 2nd quarter. AGF Investments LLC now owns 57,514 shares of the company’s stock worth $611,000 after purchasing an additional 1,870 shares in the last quarter. Finally, Truvestments Capital LLC grew its position in Zynga by 5.3% in the 3rd quarter. Truvestments Capital LLC now owns 40,978 shares of the company’s stock valued at $309,000 after purchasing an additional 2,070 shares during the period. Hedge funds and other institutional investors own 78.99% of the company’s stock.

Shares of NASDAQ ZNGA opened at $8.96 on Wednesday. The company has a market cap of $10.04 billion, a price-to-earnings ratio of -99.54 and a beta of 0.14. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. Zynga has a 12 month low of $5.57 and a 12 month high of $12.32. The stock has a 50-day moving average price of $6.75 and a two-hundred day moving average price of $8.03.

Zynga Company Profile

Zynga, Inc provides social game services. It develops, markets and operates social games as live services played on mobile platforms such as Apple’s iOS operating system and Google’s Android operating system, and social networking sites such as Facebook. It offers Chess with Friends, Crazy Cake Swap, Draw Something, FarmVille, Gems with Friends, Ice Age: Arctic Blast, Looney Tunes Dash, Speed Guess Something, What’s The Phrase, Wizard of Oz Magic Match, Yummy Gummy, Free Slots, Black Diamond Casino, Hit It Rich, Zynga Poker and Willy Wonka Slots.

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